Jim Cramer

US Attorney says he has no idea what he's talking about

(Newser) -
Remember when reports started trickling in about Wall Street bankers' love of Snapchat , the photo-sharing service that lets you send self-destructing messages? Well, it looks like we're not the only ones who suspect they're using them for more than sexting and off-color jokes. Jim Cramer sat down with...
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But in hindsight, David Sokol says, he shouldn't have mentioned company

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David Sokol gave a lengthy, defiant interview on CNBC this morning, in which he breezily insisted that he’d done absolutely nothing wrong or unethical by buying 96,000 shares of Lubrizol , and then recommending boss Warren Buffett buy the company. Some had urged Sokol to get a securities lawyer...
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Inquiry involves TheStreet.com's accounting

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The SEC is investigating The Street.com —the website co-founded by CNBC host and Jon Stewart target Jim Cramer—over some questionable accounting regarding a former subsidiary. The agency wants to examine how the website recorded revenue for Promotions.com, a marketing company it acquired in 2007 and sold...
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(Newser) -
Jon Stewart, take note: Jim Cramer is not that bad at picking stocks, the New York Times reports. A study of Cramer’s televised market advice shows that the former hedge fund manager beat the market in 2005-07. The raw numbers from the fictional “Cramer portfolio” outperformed the S&...
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Headstrong 'hedgehogs' get the most airtime, but little right

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Why did financial experts so spectacularly fail to warn us about the economic crisis? Mostly because “so-called experts turn out to be, in many situations, a stunningly poor source of expertise,” writes Nicholas Kristof of the New York Times. Experts of all stripes are enormously influential, but their...
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(Newser) -
NBC CEO Jeff Zucker said today that Jon Stewart’s Daily Show attacks are “incredibly unfair to CNBC and the business media,” Broadcasting & Cable reports. “CNBC is a spectacular organization and in particular Jim Cramer,” Zucker continued. “What is going on now is absurd....
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(Newser) -
Jon Stewart’s takedown of Jim Cramer and CNBC is indicative of a real, if fleeting, sea change in our attitudes about the economy, Thomas Frank writes in the Wall Street Journal. “The applause Mr. Stewart has received for his j’accuse is the sound of the old order...
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New game lets you fend off Mad Money host's critics

(Newser) -
Jim Cramer is facing his share of critics, from Jon Stewart to Fox Business, the San Jose Mercury News reports. Now you can help him defend himself in a new web video game: Jim Cramer’s Crashsteroids. Steer Cramer’s sneering mug as he takes aim at his detractors in...
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Even CEOs couldn't predict crisis, let alone analysts covering them

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Jon Stewart’s pantsing of Jim Cramer was nothing but a “cheap shot,” writes Richard Cohen in the Washington Post. CNBC’s crew wasn’t covering up the impending crisis, and neither were the CEOs they interviewed. Many, including head honchos at AIG, Lehman Brothers, and Citigroup, lost...
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Stewart's attack on Cramer aside, stocks can give good returns

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Hammering Jim Cramer on TV the other night, Jon Stewart bemoaned the fate of his 75-year-old mother: “She bought into the idea that long-term investing is the way to go. And guess what?” Cramer replied, “It didn’t work.” And for many Americans, that was the...
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They say he didn't defend the network strongly enough

(Newser) -
It's been a tough week for Jim Cramer. After his public skewering from Jon Stewart, colleagues at CNBC are "furious" that he didn't put up a better fight, writes media critic Howard Kurtz of the Washington Post. Nobody goes on the record, but Kurtz says many are upset that...
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(Newser) -
Early signs suggest that Jon Stewart may have put a ding in CNBC's ratings, Portfolio reports. Viewership of CNBC's Business Day programming block was down 11% for the first 3 days after Stewart's assault on the network began, although Jim Cramer’s Mad Money pulled somewhat healthier figures outside the...
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(Newser) -
He may have gotten only a B in economics, but James Rainey, in the Los Angeles Times, says he can be the next CNBC personality. “There’s got to be a spot for me on one of those chatter fests,” he says, because “I’ve out-performed the...
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(Newser) -
Jim Cramer took his lumps tonight from Jon Stewart in their highly anticipated Daily Show faceoff. "I understand that you want to make finance entertaining, but it's not a game," Stewart told Cramer, adding an expletive. "I can't reconcile the brilliance and knowledge that you have of...
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(Newser) -
In anticipation of his visit with Jon Stewart on tonight’s Daily Show, an admittedly “nervous” Jim Cramer sought counsel today from another Stewart—Martha. “You should be nervous,” the lifestyle maven said on her syndicated show. “He’s fast as lightning.” The Mad Money...
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Clip gets 1.5M views; week's site traffic surges

(Newser) -
Jon Stewart’s attacks on CNBC host Jim Cramer have been ratings gold for the late-night satirist, Variety reports. An 8-minute rant has garnered 1.5 million views, Comedy Central says, and plenty of press attention. Unique usage for the Daily Show site has soared 65% this week amid a...
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Shouting heads are so very far off base

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It should come as no surprise to fans of Jon Stewart, but CNBC is as hysterical as he says—and worse, Gabriel Winant writes in Salon. After 12 hours watching the network "I was huddled in the corner of my couch, wondering why the angry faces were yelling at...
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(Newser) -
This should be interesting: CNBC's Jim Cramer has agreed to go on Jon Stewart's Daily Show Thursday, notes the Business Insider. Stewart has been roasting Cramer, along with his CNBC cronies, for their market boosterism prior to the downturn. Last night, for instance, Stewart played a series of clips showing...
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